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According to the Fair Credit Billing Act, If a Creditor

question 59

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According to the Fair Credit Billing Act, if a creditor fails to follow the rules that apply to correcting any billing errors, you have the right to sue for


Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, expressed as an annual rate.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often used as an indicator of interest rate risk.

Yield To Maturity

The total return anticipated on a bond if it is held until it matures, including all payments of interest and principal.

Semi-Annually

This term describes events or processes, such as interest payments or calculations, that occur twice a year.

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